Overnight US stocks | US-Iran talks are expected to heat up, Nasdaq rose for ten straight sessions, S&P approached a new high. Gold broke through $4800.

On Tuesday, the three major indexes rose, traders remained unconcerned about the collapse of the first round of peace talks between the US and Iran, and remained optimistic about the possibility of the two countries reaching an agreement. Oil prices fell, with US stocks and bonds rising together, and the Nasdaq rose for the tenth consecutive day, setting a record for the longest consecutive rise since 2021. [US Stocks] At the close, the Dow rose 317.74 points, or 0.66%, to 48,535.99 points; the Nasdaq rose 455.35 points, or 1.96%, to 23,639.08 points; and the S&P 500 rose 81.14 points, or 1.18%, to 6,967.38 points. Tech stocks once again provided support for the market. Oracle Corporation rose nearly 5%, continuing the over 12% increase from the previous trading day. NVIDIA Corporation and Palantir Technologies also continued to rise. The US stock storage chip index closed up over 2.4%, setting a new closing high for five consecutive trading days. Micron Technology, Inc. rose 9.17%, Rambus rose 7.57%, Western Digital Corporation, Seagate Technology Holdings PLC, and Lam Research Corporation rose by up to 4.59%, while SanDisk fell by 0.84%. [European Stocks] Germany's DAX30 index rose 1.27%, the UK's FTSE 100 index rose 0.25%, France's CAC40 index rose 1.12%, the Euro Stoxx 50 index rose 1.35%, and Spain's IBEX35 index rose 1.46%. [Asian Stock Markets] The Nikkei 225 index rose 2.43%, and the South Korea KOSPI index rose 2.74%. [Cryptocurrency] Bitcoin rose sharply before falling back, rising nearly 4% at one point, nearing $76,000. Ethereum rose 2.67%. [Crude Oil] Brent crude oil futures for June closed down $4.57, or 4.60%, at $94.79 per barrel; WTI crude oil futures for May closed down $7.80, or 7.87%, at $91.28 per barrel. [US Dollar Index] At the close in New York, the ICE US dollar index fell 0.24% to 98.130 points, with a trading range during the day of 98.414-97.969 points. The Bloomberg US dollar index fell 0.27% to 1193.27 points, with a trading range during the day of 1196.82-1191.39 points. [Precious Metals] Spot gold rose 2.12% to $4840.60 per ounce; COMEX gold futures rose 2.02% to $4863.80 per ounce. Spot silver rose 5.30% to $79.6131 per ounce; COMEX silver futures rose 5.42% to $79.765 per ounce. [Macro News] The US Vice President expressed optimism about the current US-Iran situation. On April 14, local time, US Vice President Vance expressed optimism about the current situation with Iran. He also mentioned that there is a lot of distrust between the US and Iran, which cannot be resolved overnight. There are reports that Vance is expected to lead the possible second round of US-Iran negotiations, with Trump envoys Witko and Kushner also participating. Trump has entrusted the task of promoting diplomatic solutions to these three individuals, and continues to maintain contact with Iran and intermediaries. The US is currently discussing arrangements for the second round of talks, but it has not yet been determined whether the talks will take place or at a specific time. Confirmation hearings for the nomination of Wash as Federal Reserve Chairman to be held next week, taking an important step towards confirming the nomination of Federal Reserve Chairman by President Trump. Tim Scott, a senior Republican on the Senate Banking Committee, stated Tuesday that the committee will hold confirmation hearings next week for Kevin Wash, nominated by President Trump to be Federal Reserve Chairman. Scott said in an interview, "We will have the hearings next week, and Kevin Wash will attend. We will discuss the economy, price stability, inflation, and the independence of the Federal Reserve." Scott did not disclose the specific date of the hearing, but reports suggest that it is scheduled for April 21st. According to sources, Wash has submitted the necessary financial disclosure documents to the Senate, taking an important step towards the confirmation process. The US March PPI is below expectations! The transmission of energy shocks has not spiraled out of control. Despite the Middle East war pushing up energy prices and reigniting concerns about inflation, the US March PPI - an indicator of upstream costs of final demand goods and services - rose far below expectations. Data released by the US Bureau of Labor Statistics on Tuesday showed that the March PPI rose year-on-year by 4%, the highest since February 2023, although it was higher than the previous value of 3.4%, but lower than the market's expected 4.6%; the month-on-month increase was 0.5%, lower than the market's expected 1.1%, and the revised previous value of 0.5%. Excluding volatile items such as food and energy, the core PPI rose by 3.8% year-on-year, lower than the market's expected 4.1%, and equal to the revised previous value of 3.8%; the month-on-month increase was 0.1%, far below the market's expected 0.5%, and also lower than the revised previous value of 0.3%. US Treasury Secretary Benson expects the US economic growth rate to still exceed 3-3.5% this year. US Treasury Secretary Scott Benson said that despite the impact of the Iran war, he believes the US economic growth rate is still expected to exceed 3-3.5% this year. Benson said that there would be "compensatory" growth after the war ends. He also pointed out that it is currently impossible to "give an exact time for the end of the war". Lagarde sends vague signals: Although the Eurozone's economic situation deviates from the base scenario, the ECB is not inclined to tighten. ECB President Lagarde said that the rise in energy costs has caused the Eurozone's economy to deviate from the ECB's base scenario expectations, but the current situation is not enough to make policymakers consider raising interest rates. In an interview, Lagarde said that due to the impact of the Middle East conflict, the European economy is currently between the baseline scenario and the stress scenario set by the central bank. When asked if this means that the ECB is leaning towards tightening monetary policy, Lagarde denied it. She said, "Our policy core pointer is based on financial stability to achieve price stability." [Stock News] Meta (META.US) and Broadcom Inc. (AVGO.US) deepen chip collaboration, Broadcom Inc. CEO leaves Meta board to become advisor. Broadcom Inc. and Meta announced on Monday the expansion of their multi-generation strategic partnership to provide underlying technical support for the large-scale deployment of Meta's custom artificial intelligence chips, extending the agreement until 2029, marking a new stage in the deep binding of the two tech giants in the AI infrastructure field. According to a joint statement, the first phase of this cooperation commitment involves a deployment scale exceeding 1 gigawatt (GW), serving as the starting point for a sustained multi-gigawatt expansion plan aimed at providing real-time generative AI functions for applications such as WhatsApp, Instagram, and Threads for billions of users. This scale indicates a significant increase in Meta's bet on custom silicon routes, and highlights Broadcom Inc.'s core position in the field of AI custom accelerators. Alphabet Inc. Class C (GOOGL.US) diversifies its chip suppliers and starts negotiations with Marvell (MRVL.US) on TPU customization and inference chip development. Alphabet Inc. Class C is actively negotiating with Marvell on the TPU development project, with Marvell participating as a design service provider; discussions have also extended to a dedicated chip optimized for large language model (LLM) inference workloads. This negotiation comes just days after Alphabet Inc. Class C renewed its long-term agreement with Broadcom Inc. for TPU and networking until 2031, showing that Alphabet Inc. Class C is actively diversifying custom chip suppliers and optimizing costs and performance through Marvell's technical expertise in high-speed interconnects. Amazon.com, Inc. (AMZN.US) agrees to acquire Globalstar and expands satellite cooperation with Apple Inc. (AAPL.US). Amazon.com, Inc. announced plans to acquire Globalstar and expand its Low Earth Orbit satellite network to provide direct device connectivity services. This acquisition will integrate Globalstar's satellite assets into Amazon.com, Inc.'s Leo network. Amazon.com, Inc. also announced a separate agreement with Apple Inc. to provide satellite services to iPhone and Apple Watch users. This service allows users to send emergency messages and road assistance requests when there is no cellular network coverage.